Illinois Operations Manual Checklist

State:
Multi-State
Control #:
US-7-03-STP
Format:
Word; 
Rich Text
Instant download

Description

This form is a Suggested Operations Manual Checklist. The form includes the following sections: Introduction, General Standards, Financial Reporting Requirements, Advertising and Marketing, Administrative and Operating Policies, Franchise Operations, Field Inspections, Legal and Safety Requirements, and Employee Relations and Training.
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FAQ

Your main cost when starting an LLC in Illinois will be the state's LLC registration fee, which is $150. On top of that, you'll need to shell out $75 each year to file your Illinois annual report. You'll also have additional expenses to think about, like hiring a registered agent and purchasing business insurance.

Though Illinois does not require a statewide business license, your business is required to obtain a Certificate of Registration or License, sometimes referred to as a seller's permit, if it intends to sell or lease taxable goods or services within the state.

How long does it take to incorporate in Illinois? Regular processing of articles of incorporation takes about four weeks, plus an additional two or three days to mail the final documents. Regular filing time for an LLC (limited liability company) is between seven and ten business days.

In Illinois, most business are required to be registered and/or licensed by the IDOR. If you plan to hire employees, buy or sell products wholesale or retail, or manufacture goods, you must register with the IDOR. To obtain information contact: Illinois Department of Revenue.

Corporations are strict, and have legal obligations and formalities like electing a board of directors, holding shareholder meetings, and maintaining internal records such as meeting minutes and stock issuance. Conversely, LLCs only require a minimal amount of maintenance.

Form an Illinois Corporation: Name Your Corporation. Designate a Registered Agent. Submit Articles of Incorporation. Get an EIN. Write Corporate Bylaws. Hold an Organizational Meeting. Open a Corporate Bank Account. File State Reports & Taxes.

Your main cost when starting an LLC in Illinois will be the state's LLC registration fee, which is $150. On top of that, you'll need to shell out $75 each year to file your Illinois annual report. You'll also have additional expenses to think about, like hiring a registered agent and purchasing business insurance.

Though no action is required to legally create a sole proprietorship, you should follow four simple steps to start your business: Choose a business name. File an assumed name with your county clerk's office. Apply for licenses, permits, and zoning clearance. Obtain an employer identification number (EIN).

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Illinois Operations Manual Checklist